Adjusted savings: consumption of fixed capital in Latvia
Latvia: Adjusted savings: consumption of fixed capital was 21.7% in 2021. ▼ Falling
Adjusted savings: consumption of fixed capital in Latvia, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: consumption of fixed capital in Latvia stood at 21.7%.
The figure is down 2.4% on the previous year and down 13.7% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Latvia peaked at 38.9% in 1995 and was at its lowest, 21.7%, in 2019.
Latvia ranks 13th of 204 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 27 years of available data.
Adjusted savings: consumption of fixed capital in Latvia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1995 | 38.9% | — |
| 1996 | 35.9% | -7.7% |
| 1997 | 33.7% | -6.0% |
| 1998 | 33.0% | -2.1% |
| 1999 | 32.0% | -3.0% |
| 2000 | 28.7% | -10.4% |
| 2001 | 26.0% | -9.5% |
| 2002 | 25.0% | -3.9% |
| 2003 | 24.2% | -3.0% |
| 2004 | 23.3% | -3.8% |
| 2005 | 22.2% | -4.8% |
| 2006 | 23.2% | +4.7% |
| 2007 | 22.1% | -5.0% |
| 2008 | 22.2% | +0.4% |
| 2009 | 22.0% | -0.7% |
| 2010 | 25.0% | +13.6% |
| 2011 | 25.2% | +0.6% |
| 2012 | 25.0% | -0.6% |
| 2013 | 24.5% | -2.0% |
| 2014 | 24.2% | -1.3% |
| 2015 | 23.8% | -1.7% |
| 2016 | 23.0% | -3.5% |
| 2017 | 22.3% | -3.1% |
| 2018 | 21.7% | -2.4% |
| 2019 | 21.7% | -0.1% |
| 2020 | 22.3% | +2.5% |
| 2021 | 21.7% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.7% | 32.0% | 38.9% | 5 |
| 2000s | 23.9% | 22.0% | 28.7% | 10 |
| 2010s | 23.6% | 21.7% | 25.2% | 10 |
| 2020s | 22.0% | 21.7% | 22.3% | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Total reserves minus gold (current US$), annual growth rate 12.7 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1062 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,795 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.59 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.229 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 6,027 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 11.68 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.2027 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 5,333 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 6.98 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Latvia?
- Adjusted savings: consumption of fixed capital in Latvia was 21.7% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: consumption of fixed capital recorded in Latvia?
- The highest recorded value was 38.9% in 1995.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Latvia?
- The lowest recorded value was 21.7% in 2019.
- How does Latvia rank for adjusted savings: consumption of fixed capital?
- Latvia ranks 13th out of 204 countries with data for 2021.
- Is adjusted savings: consumption of fixed capital rising or falling in Latvia?
- Over the last ten years it is down 13.7%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: consumption of fixed capital (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.